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Bridgecorp Limited (In Receivership & Liquidation) update
Thursday 18 August 2011
News Release
Bridgecorp Limited (In Receivership & Liquidation) update
The Receivers
of Bridgecorp Limited (In Receivership & Liquidation) are
pleased to confirm an interim dividend will be paid to
secured debenture investors this week.
Bridgecorp Receiver, PwC Partner Colin McCloy says “last month we signalled an interim dividend of between 3 and 3.5 cents in the dollar. We are pleased to announce an interim dividend of 3.5 cents is now being distributed.”
The Receivers remain of the view total recoveries to secured debenture holders will be less than ten cents in the dollar.
Updates on the Bridgecorp Receivership continue to be available on the PwC website www.pwc.co.nz
-ends-
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